Meats Futures Prices

Tue Aug 14, 4:45PM CDT
Live cattle futures settled 7 to 77 cents higher on Tuesday. Feeder cattle futures were mixed with nearby Aug up 27 cents and back months as much as 57 cents lower. The CME feeder cattle index was down 48 cents from the previous day on 8/13, at $150.64. Wholesale boxed beef values were higher on Tuesday afternoon. Choice boxes were up $1.21 at $209.64, while Select boxes were $1.61 higher at $201.27. USDA FI cattle slaughter was estimated at 237,000 head through Tuesday. That is even with the previous week and 5,000 head above the same week in 2017.Aug 18 Cattle closed at $107.975, up $0.775,Oct 18 Cattle closed at $108.725, up $0.575,Dec 18 Cattle closed at $112.425, up $0.425,Aug 18 Feeder Cattle closed at $148.925, up $0.275Sep 18 Feeder Cattle closed at $148.675, up $0.225Oct 18 Feeder Cattle closed at $148.900, down $0.050

Tue Aug 14, 4:45PM CDT
Lean hog futures settled 52 cents lower to 12 cents higher, with only August in minus territory. The CME Lean Hog Index was down $1.76 on August 10, to $58.28. The USDA pork carcass cutout value was down $1.27 from the previous day at $69.74 on Tuesday afternoon. The loin, picnic, and belly were all lower. The national base hog carcass value was down $1.04 in the Tuesday PM report, with the weighted average @ $42.69. USDA estimated weekly hog slaughter at 935,000 head through Tuesday. That is up 87,000 head from last week as the plants are back online, and 38,000 head above the same week last year.Aug 18 Hogs closed at $55.000, down $0.525,Oct 18 Hogs closed at $51.850, up $0.200Dec 18 Hogs closed at $48.650, up $0.075